How Much ‘Medicare for All’ Would Cost You

**How Much ‘Medicare for All’ Would Cost You**



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Many on the left claim that “Medicare for All” will save you money. They say that healthcare will be better and more affordable under a government system. Not true. According to a new Heritage Foundation study, not only would private insurance be outlawed and everyone forced to use government healthcare, but a family of four earning the median income would pay $9,000 a year to pay for Medicare For All. That’s about equal to what they spend on food every year.

This week, Tommy Binion breaks down the report, and pushes back against the left’s narrative that the middle class would save money under “Medicare for All.”

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Show notes:

How Medicare For All Harms Working Americans

Medicare For All Would Make Most Families Poorer (Charts and Infographics):
from the Heritage Foundation I'm Tim de sure and this is heritage explains I have a plan that shows how we can have Medicare for all without raising taxes one cent on middle-class families I spent a big chunk of my life studying why families go broke and one of the number one reasons is the cost of health care medical bills and that's not just for people who don't have insurance Medicare for all solves that problem that senator Elizabeth Warren to solve our healthcare problems she believes we should eliminate all private insurance and let the federal government control all aspects of healthcare some call it Medicare for all others call it single-payer and others call it universal health care we'd call it a disaster leaders on the left always say they talk with people around the country about how they want government to run health care I wish he'd talk to me if she did she'd learn the following I am an insulin dependent type one diabetic I wear a medical device and give myself injections before every meal when I get up in the morning when I go to bed at night and whenever my blood sugar is too high I also regularly prick my finger to test blood sugar as my dad said once son you're a human pin cushion without exaggeration my entire life hinges on access to affordable healthcare so when I was set to study abroad in London I didn't really fear at first one because I was young and dumb and really didn't think anything bad would happen but also I knew they had universal health care so I'd at least be covered a little bit two months into my studies I realized a serious potentially life-threatening issue related to my disease I needed to see a doctor immediately so I went to the local hospital the young admin clerk looked at her schedule and said the next opening she had was in a week and a half I reiterated that it was serious and she said she just couldn't accommodate me I began to cry and I begged her in a crowded waiting room I went into great detail about what was going on it was actually so gross that I won't even share it with you the bottom line I was humiliated I was embarrassed and I was defeated as I was walking away she said that she was able to move some things around to accommodate me I turned and looked at her and broke out into tears and thanked her I share this story because I have experienced the type of healthcare system senator Warren is advocating for of course she nor any member on the left wants someone to go through what I went through in the UK but it is the sad reality of how universal health care works there are a limited number of doctors resources and the ability to see people to me it's amazing how much power an administrative clerk in their young 20s had over me if it wasn't for her having compassion on me I wouldn't have been able to see a doctor also did a person lose their place in line because of me likely so but let's think about this for a second let's say we did pass medicare-for-all and everyone had access to government health care what would it cost senator warren says that if we tax billionaires we can pay for it without raising taxes on the middle class is that true is it even possible if not what should the solution be Tommy Binion is the vice president of government relations here at the Heritage Foundation and this week he explains Tommy we've heard the term Medicare for all thrown around quite a bit and this new report that we're talking about today it's called how Medicare for all harms working Americans it it really does correct the bad information coming out from the left so but you know one of the problems is that bernie sanders has his version elizabeth warren has her version so if you could lay a foundation here what is a good definition that aggregates at all well so Medicare for all is not it Medicare for all is I think a really a mischaracterization for what these presidential candidates on the Democratic primary stage are selling us what they're selling us is government-run health care what they're selling us is making private health insurance private arrangements with health care providers private transactions making all of that illegal and replacing it with a scheme where you can go to a government-run health care facility and get health care furthermore this paper is about correcting one of I think the quintessential myths one of the quintessential mischaracterizations that Elizabeth Warren and Bernie Sanders and others are saying about this government-run health care plan they are saying you will be better off financially yes this will cost more money in terms of a tax increase but think of all the money you'll be saving on health care so what our analysts here at the Heritage Foundation what what Jamie Hall and Ed his lawyer did is they asked themselves okay how much is Medicare for all going to cost how much does that mean taxes are going to go up on Americans and will we as Bernie Sanders and Elizabeth Warren say be better off what do you think the answer that question is well from personal experience I I think that we would probably be worse off but let's get into it just a little bit here how much do we do we have a projection how much over the next ten years this is all gonna cost there are there are lots of projections about how much Medicare will for all will cost over ten years honestly the ten-year budget window is is really hard to calculate so what this paper focuses on is if it were enacted today how much would it cost next year got it you can get a lot more on accurate analysis if you just look at how much is it going to cost in the first year so that's what this paper does and so let's get to it how much is it gonna cost Americans the best part about this paper is it calculates how much it's going to cost each one of us individually so the the simple way to say it is your payroll tax is going to go up 21% which means what that means you're gonna well for me it would mean $9,000 I'm gonna I'm a married couple with two children and I'm on an employer-based health plan that means my taxes are going to go up nine thousand dollars next year Tim I can't afford that I don't know if you could I can't no no not at all no and and tell me about consequences of that tell me about so so we eliminate completely you will no longer go to the the doctor that you have would you be assigned a hospital how would how would this work how conceptually how would this work well those decisions today are yours if something is wrong with you you have the choice to go which doctor you want to go see what treatment you want to seek how you want to handle your health care under a government-run system all of those choices are taken away from you they're given to the government the beauty of today's system is the choices that you as an American consumer have choices are what makes the market go when businesses have to compete for your business when they want you to choose them they're gonna offer you a better product at a lower price of course when you take that choice away and you give it to the government they have completely different they will prioritize different things will the government prioritize health care for very old Americans probably not will they prioritize health care that's going to cost a lot to save the lives of somebody or maybe a cheaper treatment that has a less a worse success rate the incentives are different when you give the choices to the government and we've heard those nightmare stories from countries that already have this they really are a nightmare okay just a quick break from our conversation what are the big issues happening in DC and what are the issues happening that the media doesn't want you to know about well the agenda can clear all that up it's an email that comes out on Monday morning and gives you the conservative perspective along with television interviews from our experts on all the issues as well as important events happening at the Heritage Foundation be in the know sign up by emailing managing editor at Heritage org or you can scroll down to the bottom of Heritage org and look for these subscribe to email updates section it's on the right hand side of the bottom of the page okay let's get back to our interview with Tommy the the sobering reality here is that at least in this report from my understanding is that it's impossible for corporations for billionaires and you know and drug companies to pay for a Medicare for All system but the left continues on that what what are they basing that on well they're not basing it on mathematics in any way if you just want to tax the wealthy to pay for your Medicare for all plan there's not enough money there you could tax him at a hundred percent which of course would drive their productivity down to zero percent but if you taxed him at 99.9 percent you still wouldn't have enough money to pay for Medicare for all and and let's keep in mind Medicare for all is not the only thing that Elizabeth Warren wants to pay for Medicare for all is not the only new program that Bernie Sanders is pushing so where are they going to get the money to pay for all of these things and it's you know it's not so much about well our our debt and our deficit is gonna go up it's about the fact that this is completely an unrealistic policy agenda that will bankrupt our country that will cost us as individuals and families amounts of money that we clearly cannot afford and so we're you know the American people that are that are that are buying this they're being sold a bill of goods and and that's my question do they actually buy this do Americans actually think that this can work or is this purely politics well some of them are buying it a Warren and and and and Sanders are doing fine in the Democratic primary and in some respects they're surging certainly over over the decades these types of policies are as popular as they've ever been socialism is as popular today in America as it's as it's ever been that's a sobering reality I want to go back to what I said at the very beginning though maybe people are just buying into the term Medicare for all Medicare is fairly popular and Medicare for all is a benign phrase there is quite the marketing job being done by these presidential candidates and their campaigns to sell these proposals just the the very myth that this paper was written to dispel that you will be financially better off under Medicare for all I think all of the people that support this plan don't know that that's not true but hopefully this paper does something to change that what is this doing for the narrative you know they the left goes really really really far left and then if they get half of that that's a huge still a huge victory for them is there a strategy here for that or is this is this go for broke you'd have to ask them that question these are proposals that you need the United States Congress to enact now obviously the president alone he or she could not enact this policy the vote are not there in the United States Congress for Medicare for all the very liberal Speaker of the House Nancy Pelosi opposes Medicare for all so the votes are not there that begs the question if one of these people is elected president what will the actual legislative agenda be I have no idea and that's troubling in and of itself what's the fixed on our end what are we proposing well we are proposing a health care system that restores choice to the consumer if you have choice if you have competition you're able to choose healthcare that's best for your family also you know the the conservative ideas on health care are about protecting the most vulnerable are about working within the market system to deliver the best outcomes they're about recognizing what's good today and what we need to get rid of today furthermore it's about driving the cost down if you're like me your health care costs shot up since Obamacare was enacted if you get your health insurance from your employer rest assured the cost that they are paying the cost of that benefit to you has gone up dramatically if you're having to buy health insurance yourself you know exactly how much it costs because it's one of the biggest line items in your personal or your family budget the conservative health care options are about driving that cost back down where it should be that's what the market will restore that's one of the miracles about the economy that we're experiencing right now is that people's wages are going up while at the same time the cost of health care continues to rise so employers are really really giving a benefit to their employees because of a strong economy but when the economy goes back down if it does sorry wages go down too right and when and when that benefit becomes too expensive for employers to provide and employees have to go out and purchase it themselves their purchasing power is way down because the cost of basic coverage is way up Tommy thanks so much for coming in today appreciate it you bet and that's it for another episode of heritage explains we love hearing from you guys so please send us an email at managing editor at heritage org that's managing editor at heritage org let us know what you think of the show let us know what we can improve on let us know any ideas or topics that you might have for another episode Michele's up next week for a special Thanksgiving episode gobble gobble heritage explains is produced by Michelle Cordero and Tim Dasher with editing by Thalia Ramprasad

40 thoughts on “**How Much ‘Medicare for All’ Would Cost You**

  1. Jonathan Barberie

    The irony here is that the study that shows that Medicare for all would be half as expensive as our current system AND the heritage foundation are BOTH funded by the Koch brothers.

    Reply
  2. tyrone blackshear

    Let me simplify this for you with a miniature example: You're apart of a block club and everyone put in $100 a month dues (tax) to go to different things the block want done like lawn care, snow removal, security, gas and maintenance for lawnmower/snow removal vehicle and etc… Now the new elected treasurer (President) want to pay this lawn care service 3,500 a month from the 10,000 a month budget which he get $500 secretly kicked backed to him but the previous Treasurer used the kids on the block for $500… Hopefully you see where I'm going the insurance company is really not needed and other countries are doing better just letting themselves conduct the healthcare system not some random third party collect money and paying the hospitals that we can do ourselves and at a cheaper price because we will have a big collective bargaining.

    Reply
  3. Job Creator

    Reminder that Obamacare’s much reviled individual mandate was originally a Heritage foundation plan and that these rubes have NO PLAN for ensuring every american has healthcare. They’d rather you and your family die broke than pay one iota more in taxes.

    Reply
  4. poetmaggie1

    I don’t know the ratio and would like to but I estimate that ever dollar of tax results in 10 and more dollars more raise in the cost of goods and services and some of that is also tax.

    Reply
  5. Al Clark

    Corporate propaganda, how is it done? By funding so called “think tanks” like The Heritage Foundation, The Heartland Institute (one of such Koch Bros. funded organizations), the Cato Institute, Frasier institute, and Pacific Research Institute for Public Policy, that put out an endless stream of "studies" that by intent and design support corporate special interest policies.

    It works on those that have been brainwashed by Fox News and lying weasels like Ben Shapiro, because they ignore all studies by non-partisan expert sources, and swallow completely any "studies" by partisan right wing ideological agenda driven sources.

    Reply
  6. Jerh1985

    Heritage Foundation is a right wing corporate group they will never push for something that costs the rich or corporations money regardless of how it will help the rest of America.
    FACT most other industrialized countries have a single payer system of one kind or another and beat us in every metric, that ends the discussion.

    Reply
  7. Deirdre Morris

    Andrew Yang said he would implement and Opt in if one Needs insurance. You can still have your ins company through your work. But EVERY person in the US should have medical attention. Then we would not need ministries like RAM!!!

    Reply
  8. Dillman502

    Just dropping in to say that the heritage foundation is funded by private health insurance companies who stand to lose a lot of money from the implementation of M4A. This is propaganda meant to distract from the fact that we're the ONLY ONE out of 32 developed nations to not have a universal healthcare system.

    Reply
  9. russell timmerman

    8:33 but they don't. Objectively the cost of health care per person in Canada is less than half that of the per person cost in the US. The per person cost of healthcare in the US is HIGHER than any other first world country.

    Reply
  10. Rob K

    T1d human pin cushion… in 2008 NEJM reported that they know the 4 (possible 5) components that cause type 1 diabetes.
    1) genetic predisposition, 2) chromium/vanadium deficiency
    3) Bovine protein in Holstein cows milk. The antigen that engages your immune system, collateral damage occurs and thru molecular mimicry, the immune system can't tell the difference between the Bovine protein and the Beta Cells that produce insulin. Bovine is a foreign antigen when it makes it's way into the blood stream, it shouldn't be there.
    4) Grains, the Gluten called Gliadin in Barley Wheat and Rye (they are all sprayed with Glyphosate) all cause intestinal permeability, (leaky gut, Celiac Spru) And the other grains, Oats, Amaranth, Corn and Rice prevent the healing of leaky guy.
    5) MMR vaccine, Reported in PubMed.gov in peer reviewed studies showed the vaccine was a direct link to the onset of T1d.
    The adjuvants in the vaccine caused the immune system to attack the beta cells in the pancreas.
    What i did was, I eliminated all bovine protein, no milk no cheese, nothing that said bovine, casein or whey. I don't use gelatin capsules because they come from cow toe nails. :O
    I eliminated all grains across the board, that means most of the boxed, packaged products and jared dressing had to go.
    I do not consume soy or corn, because they are GMO today and are sprayed with Roundup that causes leaky gut.
    Going raw-vegan has saved my life. I got off of the awful insulin pump taking over 70 units a day, and now i only have to inject 12 units a day. My energy is up, i'm exercising and my blood work is perfect with an A1c of 6.5.
    Read the study's and address the cause, eliminate it and your body does what it is designed to do… HEAL IT's SELF.

    Reply
  11. Rob K

    Currently, Medicare was paid incrementally over an entire career of a worker. Medicare was paid for in advance and placed into a sacred trust to be healthcare during retirement years. Workers who paid Social Security Taxes paid for this retirement benefit.
    Medicare for all is another animal all together. Socialism doesn't work. The rich have too many loopholes and will never contribute while taking advantage of "free" healthcare. The Poor make to little to pay taxes, but will also receive healthcare. Because Socialist benefits have to be paid by someone, it falls on the middle class workers who's taxes will go up to over %85 of their income. Think about how difficult it will be to live on and pay your expenses when you only get 15% of what you make now.
    This is the same socialism program that Crippled Venezuela in just 2 short decades. They are left with only two classes: The ultra wealthy and the extremely poor who stand in line all day for a loaf of bread. America is being primed for Socialism. If you're middle class and you vote Bernie, Hillary, Warren, AOC, Kamala or any other Democrat, get ready to bend over. Taxes are coming and you will have to pay for everyone. Take a Civic class and learn about Socialism. Study what has happened to Venezuela in just 2 short decades. Learn why Socialism is the stepping stone to Communism . The NAZI party started out a socialist party..ie: (National Socialist German Workers Party) NAZI is an acronym. For Socialism and the Democrats don't want you to know the history.

    Reply
  12. Patrick Meyer

    The Heritage Foundation is a think tank specifically designed to formulate respectable-sounding opinions that ultimately promote a world-view which would lead us straight to a neo-feudal, oligarchic corporate state. They were founded by billionaires and are funded by billionaires to protect and promote their personal interests. Not only should you completely disregard everything that they propagate, but they should be abolished, as it is just one of many ways that the ultra-rich can hide their money via 'charitable' donations.

    In the past, we had high priests and court astrologers telling the royalty how to make decisions; today, we have think-tank 'intellectuals' doing the same thing.

    Reply
  13. Alex Rodriguez

    These idiots don't ever tell you that we are already paying for it. Not only are we paying for it, but we pay more per person than any other country. How do they propose we pay for our current system?

    Reply
  14. Alex Rodriguez

    These guys don't have your interest in mind… They want to protect their rich friends in insurance, pharma, walk street..

    Reply
  15. Alex Rodriguez

    Also, I don't know where they get 21% payroll tax. Bernie's plan says 4% payroll tax for income above 29k. If the average income is 70k , taxes would be about $1624…. yeah Heritage is lying to you.

    Reply
  16. Alex Rodriguez

    9k …. that's a great deal. Between my premium, employer contributions, and out of pocket, I am paying 22k to cover my family.

    Reply
  17. Alex Rodriguez

    Choices….you freaking idiots. You guys pretend we have never dealt with insurance companies. They limit where you go and what treatment they will cover.

    Reply
  18. Alex Rodriguez

    Heritage explains…more like heritage lies. Totally lies about having to go to government run healthcare facility… That is not true. The facilities we all be private , the government just replaces the insurers.

    Reply
  19. Alex Rodriguez

    Are you kidding me….in his worst case scenario in the UK (which is not a single payer) he was given medical treatment for free. 20 million people have no coverage….for the simple fact that millionaires don't want to get taxed.

    Reply
  20. aryazand

    "what would it cost?" Answer: Less than what we are paying now. I hope you feel good about using your disease to limit access to care to other people…

    Reply
  21. Alex Haider-Winnett

    Last year, my family paid $3,067 in payroll tax. At the 21% increase, that brings it up to approximately $3600. Or about $300/month increase for health insurance. That's a lot less than the $500+ per month I pay in premiums..not including co-pays or payment for subscriptions.

    With MediCal, I have been able to select the provider my family has and I haven't seen a bill once for any of my kid's doctor's appointments.

    So, yeah. Sign me up. I will gladly pay less for better insurance.

    Reply
  22. Victor Ch

    Majority of Canadian, Australians, Britons, Israelis and many other developed countries are satisfied with their health care system, but the majority of Americans are not satisfied with the healthcare system.

    Reply
  23. Victor Ch

    "Free market system" with many small insurance companies failed to provide basic consumer protection and must be reformed and transformed into single payer system with free market. Well known problem in many medical plans: pre-existing conditions denial, don't cover basic/essential health problems, bankruptcy of people/families who even had medical insurance, problems with payment for out of network providers in emergencies, huge/unreasonable deductibles, fine prints in contact, very low annual limit, service denial, etc. Add to above the highest prices in the world we are paying for services and medications.

    Reply
  24. barberwinning

    All that going to happen with m4a is , no more mo thly premium, deductible, no more co pays, and people would be free to go to any doctor any wheee any time The govt iant running healthcare. The govt is PAYING your healthcare stupid. The doctors aint going anywhere neither r the hospitals. Change my mind

    Reply
  25. Eric Claey

    I'm very conservative, and I think it's possible to have a universal healthcare IF it's very basic, where it will cover annually, $2,000 per person. Start there, and see if it can be increased later. Also, abortions, sex change operations, plastic surgeries, boob implants, etc., are not covered. Beyond $2000 per person is paid by the insured, or a secondary insurance for the insured. If I did my math properly, my basic universal healthcare would cost tax payers $660 BILLION each year. That figures, 330 million Americans with the healthcare.

    Reply
  26. Crazy FerretLady

    I'm Norwegian 64 yo woman with multiple health issues. We have kinda universal healthcare that Bernie point at as ideal all the time. If I need to see my doctor, I have to wait 4-5 weeks for an appointment, same with tests like x-rays, ultrasound etc.

    When I get accute sick, I have to wait up to 7-8 hour, depending on if my problems are life threatning. Pain is NOT concidered as accute!

    I have COPD + astma/allergies so I often struggle with breathing. They don't see this as important unless I'm on the brink of dying! So I have to wait..

    I have osteoporosis and break bones all the time. They don't see this as important unless fractures make me unable to move. So I have to wait..

    Reply
  27. Arturo Gómez Tagle

    How much money goes to all of the administration currently needed to run insurance programs and billing, etc? Billions and billions. Citizens would save all of that money. All we're doing is removing a middle man. This isn't rocket science.

    Reply
  28. Arturo Gómez Tagle

    @2:30 – how does this story prove how he didn't get treated and also, for free. If someone lost their place in line, what does that mean? Should only those that can afford medical attention get it?

    Reply
  29. EnemyOfReligion2012

    It would cost us less by taking the burden of subsidizing Healthcare costs off of businesses and lowering the cost of Healthcare overall. Businesses would then be much more free to hire fulltime employees and have more money to invest in themselves. Don't believe the bullshit hype that Heritage is trying to sell you. I'm sure that they are in the pocket of health insurance corporations that are scared to death of their income drying up. Health insurance companies loved the Obamacare mandate because it guaranteed that they would always have people buying their garbage health insurance.

    Reply

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